Smartcool's ECO3 Solution Installed at Largest SGN UK Site
SGN is one of the largest suppliers of natural gas in the UK
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2018) - Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) is pleased to announce that agency partner CoolSave, has successfully installed a number of Smartcool ECO3 solutions as part of an initial installation for SGN, which is expected to develop across multiple sites.
SGN is one of the largest suppliers of natural gas in the UK, as well as offering a full M&E and renewable solutions service to its customer base, SGN are committed to helping their customers reduce energy by demonstrating through innovation, behavioral change and renewable energy uptake. SGN currently have a customer base of 5.9 million domestic homes and businesses along with a significant amount in the commercial and industrial sector. These energy efficiency improvements will further help to ensure SGN continues to be one of the most trusted and valued energy suppliers in the UK.
SGN have implemented and installed Smartcool's technology as part of its pledge to drive down energy consumption and achieve significant energy reduction. All data to support energy savings will be calculated from an independent energy metering system installed at the site, which demonstrates the technology's capability.
Nick Weedon, National Sales Manager for CoolSave Ltd, states, 'CoolSave have embraced the SGN core values with the use of Smartcool technology, which are, "To provide the energy people need in a reliable and sustainable way." We are working in partnership with SGN to drive down energy costs within their own operations. Further sites are likely to be evaluated for installation upon successful results at this initial site. It is hoped that after a continued install program on its own facilities, SGN will make the Smartcool solution available to its customers in its continued commitment to help drive down energy consumption in UK.'
Smartcool Systems Inc. provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3, ESM and ECOHome are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40%.
SGN manage the network that distributes natural and green gas to 5.9 million homes and businesses across Scotland and the south of England. Whoever your supplier is, our pipes deliver gas safely, reliably and efficiently to every one of our customers. It's your gas, in our network.
Our promises to our customers shape who we are. They ensure we employ the highest safety standards, strive for the best levels of service and put customers at the center of everything we do. We also know we are expected to do our work in a way that causes minimum impact on our environment.
Vice President, Investor Relations
TEL +1 604 904 8632
Legal Notice Regarding Forward Looking Statements
This news release contains "forward looking statements". Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as "expect", "anticipate", "intend", "plan", "believe", "estimate" and words of similar meaning. Forward-looking statements are based on management's current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward looking statements. Forward-looking statements in this news release include those concerning the company's belief in the growth opportunities in the UK. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statements. Risks that may prevent or delay the forward looking statements from coming to fruition as anticipated include the availability of working capital, risks inherent in product development, as well as market factors that may increase costs or time to market. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company's website, www.smartcool.net.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.